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Last modified: 02 Jun 2026 17:16
One important issue in environmental economics is the control of externalities, where one firm’s or one individual’s actions affect other people. The course addresses this topic focusing on pollution and climate change as key examples. A second topic involves the study of exhaustible resource markets, including issues such as the determinants of the long run price of oil and the sustainable use of natural resources. Other issues related to energy and the management of common property resources such as fisheries may also be discussed.
The course is intended primarily for honours undergraduates in Economics.
| Study Type | Undergraduate | Level | 3 |
|---|---|---|---|
| Term | Second Term | Credit Points | 30 credits (15 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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This course covers both environmental economics and the economics of natural resources.
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 70 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Understand | Understand the major methods and models used in environmental and natural resource economics |
| Factual | Apply | Become familiar with important examples of how economic analysis is applied to policy issues related to the environment and the use of natural resources |
| Procedural | Understand | appreciate some of the strengths and weaknesses of the methods and models used in environmental and resource economics in terms of assumptions and empirical evidence |
| Assessment Type | Summative | Weighting | 30 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Individual poster (2,000 words) and presentation (8 minutes) |
|||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Understand | Understand the major methods and models used in environmental and natural resource economics |
| Factual | Apply | Become familiar with important examples of how economic analysis is applied to policy issues related to the environment and the use of natural resources |
| Procedural | Understand | appreciate some of the strengths and weaknesses of the methods and models used in environmental and resource economics in terms of assumptions and empirical evidence |
There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
|
|
||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Understand | Understand the major methods and models used in environmental and natural resource economics |
| Factual | Apply | Become familiar with important examples of how economic analysis is applied to policy issues related to the environment and the use of natural resources |
| Procedural | Understand | appreciate some of the strengths and weaknesses of the methods and models used in environmental and resource economics in terms of assumptions and empirical evidence |
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